⚖Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy Involving Steel Tubes

By litigation, AUTO

⚖Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy Involving Steel Tubes

Company Agrees to Pay $12 Million Criminal Fine

WASHINGTON – Maruyasu Industries Co. Ltd., an automotive parts manufacturer headquartered in the Aichi Prefecture in Japan,

pleaded guilty and was sentenced to pay a $12 million criminal fine for its role in a criminal conspiracy

to fix prices, rig bids, and allocate customers for automotive steel tubes incorporated into vehicles sold in the United States and elsewhere,

the Department of Justice announced today.

OPA | Department of Justice

https://www.justice.gov/opa/pr/japanese-auto-parts-company-pleads-guilty-antitrust-conspiracy-involving-steel-tubes

Maruyasu To Pay $12M Criminal Fine For Steel Tube Collusion – Law360

https://www.law360.com/competition/articles/1049134

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